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Thursday, December 1, 2016

READ: 300 WEST 122ND STREET STALLED

The gas station at parking lot on the corner of 122nd Street and 8th Avenue have finally been demolished in the past few months but now it turns out that the new condo development will not move forward anytime soon. An article in The Real Deal reveals that 300 West 122nd Street has run into legal issues since a $36 million loan is now in default and everything went on the auction block this week. With the success of 2280 FDB just across the street, the developer had planned on a new 126-unit building and all of the paperwork had been filed for construction to start. With that said, there is a lot of real estate money out there in the city so someone could just swoop in and just start up in 2017 what has now stalled at year's end. We were the first to break the news on the proposed tower back in 2014 and the original rendering can be view in our past post: LINK